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IEF, IHS Markit: deepening underinvestment in hydrocarbons raises specter of continued price shocks and volatility

Green Car Congress

Underinvestment in oil and gas development extended into a second year in 2021 even as global energy demand rebounded, raising the prospect of price shocks, scarcity and growing energy poverty, according to a new report by the International Energy Forum (IEF) and IHS Markit. —Joseph McMonigle, secretary general, IEF.

Price 416
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ICCT life-cycle analysis finds no climate benefit in using LNG as marine fuel

Green Car Congress

The results of a new analysis by the International Council on Clean Transportation (ICCT) show that, when combined with a trend toward higher methane leakage and combustion slip, there is no climate benefit from using liquefied natural gas (LNG) as a marine fuel—regardless of the engine technology. First, it contains very little sulfur.

Mariner 427
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Study finds limiting warming to 2 °C would require at least a $200/t carbon tax globally

Green Car Congress

Some will suffer greatly from climate change, while others may even benefit. Lloyd Distinguished Service Professor in Economics, and José-Luis Cruz of Princeton University assesses the local social cost of carbon (LSCC) and how that cost aligns with the carbon reduction pledges countries made under the Paris Agreement.

Tax 397
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MITEI releases report on 3-year study of future mobility; technological innovation, policies, and behavioral changes all needed; “car pride” an issue

Green Car Congress

The report is the culmination of MITEI’s three-year Mobility of the Future study, which is part of MIT’s Plan for Action on Climate Change. Understanding the future of personal mobility requires an integrated analysis of technology, infrastructure, consumer choice, and government policy.

Future 269
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TU Dresden study on external costs of automotive transportation in Europe calls for internalization of the high external costs; raising user prices to change behavior

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A recent study from Technische Universität Dresden (TU Dresden) commissioned by the Greens/European Free Allianace (EFA) in the European Parliament concluded that the cars used within the EU-27 externalize up to about €373 billion (US$493 billion) per year (high estimate) of costs on to other people, other regions and other generations.

Cost Of 284
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Driving Towards a Sustainable Future: The Rise of Electric Autos in India

Baua Electric

As the second-most populous country in the world and one of the largest consumers of fossil fuels, India is making significant strides in adopting electric vehicles (EVs) as a solution to combat climate change and reduce air pollution. Another notable environmental benefit of electric autos is their potential to mitigate climate change.

India 98
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Making Information Tech Greener Can Help Address the Climate Crisis

Cars That Think

Intergovernmental Panel on Climate Change delivered its starkest warning ever. At the same time, it noted, there is still a window in which humans can alter Earth's climate path. The actions we take to reduce emissions of carbon dioxide and other heat-trapping gases can impact the future climate, the report emphasizes.

Climate 104